EGX’s Main Index goes Red over MB’s Insistence on Govt. Confidence Withdrawal

The Egyptian Stock Exchange (EGX) continued posting losses reaching L.E 560 million on Monday’s midday trading. The capital Market reached L.E 370.059 billion.

The main index, EGX 30 went down 0.07% to reach 5060.96 p. The capped index, EGX20 gained 0.11% to reach 5913.01 p.

Meanwhile, the mid- and small-cap index, the EGX70 increased 0.37% to reach 479.98 p. Price index EGX100 upped 0.17% to reach 818.72 p.

Trades came to 7.902 transactions; worth L.E 120.841 million and volume amounted to 36.114 million shares.

This was after trading in 146 listed securities; 49 down and 79 up while 18 keeping their previous levels.

The main reason for the EGX30’s decline is that the Muslim Brotherhood (MB) announced today its insistence on withdrawing the confidence from Dr. Kamal Ganzouri’s government.